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BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting

The size of cut in bond purchases is to be substantialThe specific amount will be decided after listening to input from market participants

This is taking the wind out of the sails in USD/JPY a fair bit, with the pair now down to 157.80 from around 158.15 when Ueda began speaking.

This article was written by Justin Low at www.forexlive.com.

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